Nomura Initiates Redwood Trust At Buy

Analysts at Nomura initiated coverage on Redwood Trust, Inc. RWT with a Buy rating. The target price for Redwood Trust is set to $25. Redwood Trust shares have gained 7.22% over the past 52 weeks, while the S&P 500 index has surged 13.39% in the same period. Redwood Trust shares rose 0.40% to close at $20.05 yesterday.